Market News

CK Hutchison seeks $1.5bn in damages over seized Panama Canal ports

NEWSLETTER: A conflict on autopilot? Reuters

Canadian regulator seeks to block Nortera-B&G Foods deal

SpaceX tried to purchase AI coding startup Cognition - Bloomberg

CK Hutchison Holdings Ltd. commenced international arbitration proceedings against Panama, seeking more than $1.5 billion in damages over the loss of its investments in two ports on the country’s strategic canal.

JPMorgan Chase & Co. strategists warned that markets may view the US Treasury’s surprise effort to curb long-term borrowing costs as lacking credibility, potentially pushing up the term premium and yields over time.

Oil prices steady as investors assess US-Iran war outlook Reuters

India’s market regulator banned a Mauritius-based unit of JPMorgan Chase & Co. from the capital market over alleged manipulative trading in the South Asian nation’s newly introduced auction-based system for share price discovery.

Australia’s unemployment rate unexpectedly rose in July, supporting the Reserve Bank’s view that the labor market is likely to loosen and prompting traders to pare bets on another interest-rate increase.

Ebola is spreading rapidly beyond the main epicenter of Democratic Republic of Congo’s outbreak, overwhelming treatment capacity in some areas and putting mounting pressure on efforts to trace and contain infections.